The rupee slipped 2 paise to hit the 78-level towards the US greenback in opening commerce on Tuesday.
On the interbank international alternate, the rupee opened at 78 towards the US greenback, registering a fall of two paise over the past shut.
“With RBI’s (Reserve Financial institution of India’s) administration, the rupee shall stay in a decent vary of 77.80-78.20. If the vary is damaged on both aspect, it could possibly result in a motion of 30 to 50 paise,” mentioned Amit Pabari, MD, CR Foreign exchange.
Within the earlier session, the rupee had appreciated by 7 paise to settle at 77.98 towards the US greenback as crude oil costs retreated from elevated ranges.